Your taxes in retirement may be a lot more complicated than taxes while you’re working. Social Security checks may or may not be taxed, depending on your income. You’ll pay federal income taxes on most retirement plan withdrawals, but additional state taxes depend on where you live. Tax rates on investments can vary as well. […]
Recent Blog Posts
Monday’s need-to-know money news
Today’s top story: Nondeductible IRA – for when you’re too rich for a regular one. Also in the news: How to get more bang for your beauty buck, how to know if your pet will dig a subscription box, and the 2018 FAFSA deadline is approaching. Nondeductible IRA: For When You’re Too Rich for a […]
Q&A: What to do when a financial advisor doesn’t act in your best interests
Dear Liz: I hired a fee-only financial advisor a year ago. The advisor’s firm also included a CPA who prepared my 2017 tax return. My tax liability was 100% more than what I paid via my W-2 withholding because the advisor traded constantly, incurring short-term capital gains. He authorized 45 trades in a three-month period. […]
Q&A: How to find credit scores
Dear Liz: How do you go about checking your credit scores? I’m a recent widow and have no idea how to do these things. Answer: Checking your credit scores can help you monitor your credit and give you a general idea of how lenders view your creditworthiness. Many banks and credit cards offer free scores […]
Friday’s need-to-know money news
Today’s top story: Impact investing – using your dollars to make change. Also in the news: How Alexa and Google can aid in your travel planning, 5 ways to save at summer music festivals, and how your credit card APR could double. Impact Investing: Using Your Dollars to Make Change Connecting your dollar with your […]
Thursday’s need-to-know money news
Today’s top story: Dear Young Girls – let’s talk about money. Also in the news: Why your teen should work this summer, a day in the life of a financial advisor, and why you should make student loan payments during your grace period. Dear Young Girls: Let’s Talk About Money Historical numbers. Why Your Teen […]